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Bill: Central Bank Independence Act
Details
Submitted by[?]: Ulusal Liberal Parti
Status[?]: defeated
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: December 4265
Description[?]:
| To ensure a long term stability of the Jakanian economy and avoid disastrous boom-and-bust short term focused policies by future government, we in the Naitonal Liberal Party would like to see the Central Bank made formally autonomous from the Jakanian government. With the liberty to make their own decisions they can fully focus on the long term economical growth of the nation. |
Proposals
Article 1
Proposal[?] to change Central Bank oversight and regulation (if a central bank exists)
Old value:: The central bank is underneath the direct oversight of the Ministry of Finance.
Current: The central bank is an entirely independent agency of the government.
Proposed: The government appoints the head of the central bank and an executive board to manage the central bank but does not otherwise interfere in its operations.
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes |
Total Seats: 159 | ||
| no |
Total Seats: 249 | ||
| abstain | Total Seats: 127 |
| Random fact: Periodically, it is a good idea to go through your nation's Treaties and arrange to withdraw from any that are unwanted. |
| Random quote: "The only difference between the Democrats and the Republicans is that the Democrats allow the poor to be corrupt, too." - Oscar Levant |